Sigma Alpha Mu Foundation

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501(c)(3) charity; gifts are tax-deductible.
55¢ of each $1 spent went to programs.
Run by 30 volunteers and 3 employees.
Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $380K a year · 31% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
55%
of spending
55% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$143K
to officers and key staff · 12% of spending
Pay to officers and key staff is 12% of spending.
Part VII, Section A
4.3 mo
of spending, in cash
Plus $11.1M in investments, Pt X · Ln 11–13
4.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $137K
6 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$450K
4% of total assets
Liabilities are 4% of assets.
Pt X · Ln 26
Independent board members
22
of 22 voting members
22 of 22 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$2.1M
+43% vs prior year
Spent
$1.2M
To programs
55%
Net assets
$11.9M
By yearFY2021–FY2025
Revenue
$2.1M
FY2025▲ +43%
Tap a bar for its year
Revenue by fiscal year
FY2021$765K
FY2022$967K
FY2023$848K
FY2024$1.5M
FY2025$2.1M
Expenses
$1.2M
FY2025▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2021$604K
FY2022$603K
FY2023$785K
FY2024$1.1M
FY2025$1.2M
Net assets
$11.9M
FY2025▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2021$11.0M
FY2022$10.4M
FY2023$10.1M
FY2024$11.7M
FY2025$11.9M

From the FY2025 Form 990 (year ending May 2025) · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1944.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

55 cents of each dollar spent went to programs.

Program services 55% · $682K Management & general 25% · $306K Fundraising 20% · $243K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

23 people listed on the 990; $143K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$142,912Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Aaron Girson’s $143K as CEO is at the 60th percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024
Aaron Girson$142,912$130,318

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Sigma Alpha Mu Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides student aid and fosters character, leadership, and community service for fraternity members.

Questions for Sigma Alpha Mu Foundation

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Your first name shows with your question. Sigma Alpha Mu Foundation answers here, for everyone.

3 programs · $682K · in their own filed words · FY2024
01

Scholarships are awarded to undergraduates and graduate students attending colleges and universities in the United States and canada. The scholarships are provided to enable the pursuit of higher education.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 13-6093817) · Dispute this line
$482Kprogram expense
02

Charitable contributions made to other institutions for scholarships and educational programs that support higher education and self development for undergraduate students.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 13-6093817) · Dispute this line
$109Kprogram expense
03

Educational grants paid to Sigma Alpha Mu fraternity, INC. To support the educational programs that promote higher education and self-development for undergraduate members of Sigma Alpha Mu fraternity, INC.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 13-6093817) · Dispute this line
$91Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 14 grants · $1.7M · 2020–2024
Unitemized GrantFY2024$332,147
Unitemized GrantFY2023$335,750
Unitemized GrantFY2022$236,500
Unitemized GrantFY2021$241,400
Unitemized GrantFY2020$252,100

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.1M
Ln 12
Other incomeLn 4–11$1.1M
Gifts and grantsLn 1h$690K
Investment incomeLn 3$380K
Money outPt IX
$1.2M
Ln 25
Programscol B$682K
Managementcol C$306K
Fundraisingcol D$243K
Owns and owesPt X
$11.9M
net assets · Ln 32
Cash and savingsLn 1–2$440K
Total assetsLn 16$12.4M
LiabilitiesLn 26$450K
PeoplePt VI, VII
23
listed · VII A
PaidVII A1
Voting boardVI 1a22
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$690K
Noncash giftsLn 1g$27K
Investment incomeLn 3$380K
Other incomeLn 4–11$1.1M
Gains on assetsLn 7$1.0M
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$305K
SavingsLn 2$135K
Cash and savings togetherLn 1–2$440K
Pledges and grants receivableLn 3$260K
Accounts receivableLn 4$937
Inventories for sale or useLn 8$2K
Prepaid expenses and deferred chargesLn 9$20K
Land, buildings, equipmentLn 10c$568K
InvestmentsLn 11–13$11.1M
Total assetsLn 16$12.4M
LiabilitiesLn 26$450K
Net assetsLn 32$11.9M
OperationsPt I, VI
EmployeesI 53
VolunteersI 630
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$27K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$68K
Share of the $9.3M endowmentSch D 1g0.74%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY25FY24FY23FY22FY21
End of yearLn 1g$9.3M$9.0M$7.7M$7.7M$8.2M
AddedLn 1b$251K$488K$199K$115K$49K
SpentLn 1d–1f$470K$418K$75K$191K$130K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$352K$440K
InvestmentsLn 11–13$10.7M$11.1M
Land, buildings, equipmentLn 10c$597K$568K
Total assetsLn 16$12.0M$12.4M
LiabilitiesLn 26$335K$450K
Net assetsLn 32$11.7M$11.9M
Business incomeForm 990-T, Part I
LineFY25FY24
Gross$34K$34K
Net$15K$14K
Tax$3K$3K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$138K$138K
Grants to domestic individualsLn 2$332K$332K
Pay of officers and key staff (Part IX, line 5)Ln 5$162K$62K$38K$62K
Other salaries and wagesLn 7$165K$63K$39K$63K
Other employee benefitsLn 9$7K$4K$2K$770
Payroll taxesLn 10$22K$9K$5K$9K
Legal feesLn 11b$48K$48K
Accounting feesLn 11c$27K$27K
Investment management feesLn 11f$68K$68K
Advertising and promotionLn 12$33K$33K
Office expensesLn 13$36K$10K$10K$15K
Information technologyLn 14$56K$27K$1K$27K
OccupancyLn 16$7K$3K$2K$3K
TravelLn 17$36K$16K$4K$16K
Conferences, conventions and meetingsLn 19$24K$24K
InterestLn 20$3K$1K$668$1K
Depreciation, depletion and amortizationLn 22$9K$4K$2K$4K
InsuranceLn 23$25K$2K$21K$2K
Other expenses (24a–d)Ln 24$32K$11K$14K$6K
Total functional expensesLn 25$1.2M$682K$306K$243K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Oct 10, 2025 $2.1M$1.2M$912K$11.9M 990 PDF
FY2024Filed with the IRS Feb 10, 2025 $1.5M$1.1M$402K$11.7M 990 PDF
FY2023Filed with the IRS Apr 12, 2024 $848K$785K$63K$10.1M 990 PDF
FY2022Filed with the IRS Apr 5, 2023 $967K$603K$364K$10.4M 990 PDF
FY2021Filed with the IRS Feb 17, 2022 $765K$604K$160K$11.0M 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants M · Noncash O · Explanations
See the full FY2025 990
Part I · Summary $2,141,994 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,163,830$689,529
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $296,652$1,414,415
I-11 Other revenuePrior year $33,937$38,050
I-12 Total revenuePrior year $1,494,419$2,141,994
I-13 Grants and similar amounts paidPrior year $454,963$470,024
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $313,515$356,265
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $323,477$403,984
I-18 Total expensesPrior year $1,091,955$1,230,273
I-19 Revenue less expensesPrior year $402,464$911,721
Part VI · Governance 22 of 22 board members independent, no flags
VI-1a Voting members of the governing body22
VI-1b Independent voting members22
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,141,994 across 7 lines filed
VIII-1f All other contributions, gifts and grants$689,529
VIII-1g Noncash contributions (included above)$26,987
VIII-1h Total contributions, gifts and grants$689,529
VIII-3 Investment incomeExcluded from tax $379,780$379,780
VIII-6 Net rental income or lossUnrelated business $14,663 · Excluded from tax $23,387$38,050
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,034,635$1,034,635
VIII-12 Total revenueRelated to mission $0 · Unrelated business $14,663 · Excluded from tax $1,437,802$2,141,994
Part IX · Statement of functional expenses $1,230,273 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $137,877$137,877
IX-2 Grants to domestic individualsPrograms $332,147$332,147
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $61,751 · Management $38,147 · Fundraising $62,347$162,245
IX-7 Other salaries and wagesPrograms $62,780 · Management $38,783 · Fundraising $63,386$164,949
IX-9 Other employee benefitsPrograms $4,280 · Management $1,789 · Fundraising $770$6,839
IX-10 Payroll taxesPrograms $8,557 · Management $5,037 · Fundraising $8,638$22,232
IX-11b Legal feesManagement $48,259$48,259
IX-11c Accounting feesManagement $26,600$26,600
IX-11f Investment management feesManagement $68,479$68,479
IX-12 Advertising and promotionFundraising $33,323$33,323
IX-13 Office expensesPrograms $10,279 · Management $10,218 · Fundraising $15,088$35,585
IX-14 Information technologyPrograms $27,414 · Management $1,458 · Fundraising $27,414$56,286
IX-16 OccupancyPrograms $2,550 · Management $1,611 · Fundraising $2,550$6,711
IX-17 TravelPrograms $16,213 · Management $3,604 · Fundraising $16,213$36,030
IX-19 Conferences, conventions and meetingsManagement $24,087$24,087
IX-20 InterestPrograms $1,057 · Management $668 · Fundraising $1,057$2,782
IX-22 Depreciation, depletion and amortizationPrograms $3,535 · Management $2,233 · Fundraising $3,535$9,303
IX-23 InsurancePrograms $2,176 · Management $20,528 · Fundraising $2,176$24,880
IX-24 Other expenses (24a–d)Programs $10,969 · Management $14,326 · Fundraising $6,364$31,659
IX-25 Total functional expensesPrograms $681,585 · Management $305,827 · Fundraising $242,861$1,230,273
Part X · Balance sheet $12,383,438 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $166,547$305,220
X-2 Savings and temporary cash investmentsStart of year $185,639$134,999
X-3 Pledges and grants receivableStart of year $315,139$259,714
X-4 Accounts receivableStart of year $512$937
X-8 Inventories for sale or useStart of year $2,210$2,210
X-9 Prepaid expenses and deferred chargesStart of year $20,739$19,526
X-10c Land, buildings and equipment, netStart of year $596,512$568,314
X-11 Publicly traded securitiesStart of year $10,560,004$10,968,505
X-12 Other securitiesStart of year $140,301$124,013
X-16 Total assetsStart of year $11,987,603$12,383,438
X-17 Accounts payable and accrued expensesStart of year $35,342$55,981
X-18 Grants payableStart of year $500$110,500
X-23 Secured mortgages and notes payableStart of year $205,467$189,978
X-25 Other liabilitiesStart of year $93,276$93,819
X-26 Total liabilitiesStart of year $334,585$450,278
X-27 Net assets without donor restrictionsStart of year $1,442,289$1,406,292
X-28 Net assets with donor restrictionsStart of year $10,210,729$10,526,868
X-32 Total net assets or fund balancesStart of year $11,653,018$11,933,160
X-33 Total liabilities and net assetsStart of year $11,987,603$12,383,438
Part XI · Reconciliation of net assets $11,933,160 net assets at year end
XI-1 Total revenue$2,141,994
XI-2 Total expenses$1,230,273
XI-3 Revenue less expenses$911,721
XI-4 Net assets at start of year$11,653,018
XI-5 Net unrealized gains (losses) on investments−$631,579
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$11,933,160

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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